Optionholder] Altitun, Inc. 8001 Irving Center Dr. 4th Floor Irvine, CA 92618 Re: Exchange of Options to Purchase Shares of Altitun AB Dear [Optionholder]:Exchange of Options Agreement • June 1st, 2000 • Adc Telecommunications Inc • Telephone & telegraph apparatus
On May 4, 2000, ADC Telecommunications, Inc., a Minnesota corporation ("ADC"), entered into a Share Purchase Agreement (the "Purchase Agreement") with shareholders of Altitun AB ("Altitun"), pursuant to which ADC intends to acquire all of the outstanding shares of Altitun. ADC also desires to acquire all issued and outstanding options to purchase shares of Altitun, including the options issued under the Altitun, Inc. 1999 Stock Option Plan held by you, and proposes to assume your options in exchange for new options pursuant to the following terms and conditions.
